UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 8-K
Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Event December 23, 1997 Commission File Number 0-24520
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IMSCO TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 04-3021770
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
40 Bayfield Drive
North Andover, MA 01845
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 508-689-2080
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IMSCO TECHNOLOGIES, INC.
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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1. Effective December 23, 1997, IMSCO Technologies, Inc. ["IMSCO"] dismissed
its prior certifying accountants, Gordon, Harrington & Osborn, P. C. and
retained Moore Stephens, P. C. as its new certifying accountants. Gordon,
Harrington & Osborn, P. C.'s report on IMSCO's financial statements during
the two most recent fiscal years contained no adverse opinion or a
disclaimer of opinion, and was not qualified as to audit scope or
accounting principles. However, such report was modified as to uncertainty
about the registrants ability to continue as a going concern. The decision
to change accountants was approved by IMSCO's Board of Directors.
During the two most recent fiscal years and the subsequent interim period
through December 23, 1997, there were no disagreements between IMSCO's and
Gordon, Harrington & Osborn, P. C. on any matters of accounting principles
or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of
Gordon, Harrington & Osborn, P. C., would have caused it to make a
reference to the subject matter of disagreements in connection with its
report.
2. Effective December 23, 1997, the Company engaged Moore Stephens, P.C. as
its principal accountants to audit the Company's financial statements.
During the Company's last two most recent fiscal years and the subsequent
interim period to date hereof, the Company has not consulted Moore
Stephens, P.C. on items which (1) concerned the application of accounting
principles to a specified transaction, either complete or proposed or (2)
concerned the subject matter of a disagreement or reportable event with
Gordon, Harrington & Osborn, P. C.
3. The Company has requested Gordon, Harrington & Osborn, P. C. to furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether it agrees with the statements contained in the first paragraph
above. This letter will be filed by amendment to this Form 8-K.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1994, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IMSCO TECHNOLOGIES, INC.
December 30, 1997 By: /s/ Alexander T. Hoffmann
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Alexander T. Hoffmann, Chairman and
Chief Executive Officer
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